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Author Topic: Which wallet is the best?  (Read 276 times)
CoNnorSensei (OP)
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March 07, 2018, 11:09:19 PM
 #1

Hello everybody, What wallet is the best? Physic or online? And what is the most secure?? Thanks to everyone!!
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March 08, 2018, 02:26:47 AM
 #2

First of all, to answer your question, you have to ask yourself how much you want to invest/how much you have. If you think your holdings are much valuable consider buying an hardware wallet (the physic one as you said) like the Ledger Nano S (https://www.ledgerwallet.com/products/ledger-nano-s?gclid=Cj0KCQiAuP7UBRDiARIsAFpxiRIvz4rN4dqOmEaS0q6HtydM2KLLwtrzzQ_vQQ-QuVnxk3h8-C8KiTgaApePEALw_wcB) that cost roughly 95€ on the official site. The pros of having an hardware wallet is that hackers can't access it, since it's not directly connected to the internet, but in case of extreme bad luck you could always risk connecting it to a PC infected by malwares, since these can activate applications/processes without your acknowledgment. So this is the safest choice, but the price is also considerable.
The other option is to use software wallet (they need installation on your PC) like I do since I don't own too much, the first I used is "Exodus", very complete/simple to use. But lacks of variety of crypto you can store.
Other options are mobile wallets like Eidoo (that I use) or Jaxx. They can store even ERC-20 tokens, it's something Exodus can't do.
The fourth and last possibility is to use a web wallet, like Dogechain (to store DOGE) or Raiwallet to store Raiblocks, but since they have rebranded to NANO the site is changed, it's https://nanowallet.io . These sites allow you to avoid installing anything, since you will use an online free service. But be conscious that you MUST prefer sites that allow you to hold your private keys, so that only you have access to your wallet (in case you lose the password or the site gets hacked). Exodus and the other software/mobile wallets will allow you to take possession of your private keys, with a alphanumeric code or with a mnemonic phrase.

Hope the answer it's clear. I'm here to learn too, so if anyone wants to correct something please feel free to do so.

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March 08, 2018, 02:57:47 AM
 #3

i think copay(bitpay)  wallet is best.
that wallet service has not save any client key, and bip39 mnemonic  use.
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March 08, 2018, 06:34:54 AM
 #4

I personally use Jaxx and BreadWallet for iOS. I use Ledger Nano S for cold storage. I think it comes down to preference as most wallets function the same besides the software.

Here is list of Hardware wallets I've put together. https://bitcointalk.org/index.php?topic=3066531

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March 08, 2018, 07:04:29 AM
 #5

Ledger nano s works best for me. At the end of the day it's you who will decide what's best for you but I would suggest getting a hard wallet.
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March 08, 2018, 07:21:22 AM
 #6

I use Jaxx, electrum and Bitcoin Core.
I would not recommend Bitcoin Core unless you have more than 200GB storage space.
I like Jaxx because you can add several different cryptocurrencies.
Electrum only supports 1 currency per wallet.
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March 08, 2018, 11:15:40 AM
 #7

First of all, to answer your question, you have to ask yourself how much you want to invest/how much you have. If you think your holdings are much valuable consider buying an hardware wallet (the physic one as you said) like the Ledger Nano S (https://www.ledgerwallet.com/products/ledger-nano-s?gclid=Cj0KCQiAuP7UBRDiARIsAFpxiRIvz4rN4dqOmEaS0q6HtydM2KLLwtrzzQ_vQQ-QuVnxk3h8-C8KiTgaApePEALw_wcB) that cost roughly 95€ on the official site. The pros of having an hardware wallet is that hackers can't access it, since it's not directly connected to the internet, but in case of extreme bad luck you could always risk connecting it to a PC infected by malwares, since these can activate applications/processes without your acknowledgment. So this is the safest choice, but the price is also considerable.
The other option is to use software wallet (they need installation on your PC) like I do since I don't own too much, the first I used is "Exodus", very complete/simple to use. But lacks of variety of crypto you can store.
Other options are mobile wallets like Eidoo (that I use) or Jaxx. They can store even ERC-20 tokens, it's something Exodus can't do.
The fourth and last possibility is to use a web wallet, like Dogechain (to store DOGE) or Raiwallet to store Raiblocks, but since they have rebranded to NANO the site is changed, it's https://nanowallet.io . These sites allow you to avoid installing anything, since you will use an online free service. But be conscious that you MUST prefer sites that allow you to hold your private keys, so that only you have access to your wallet (in case you lose the password or the site gets hacked). Exodus and the other software/mobile wallets will allow you to take possession of your private keys, with a alphanumeric code or with a mnemonic phrase.

Hope the answer it's clear. I'm here to learn too, so if anyone wants to correct something please feel free to do so.


Good reply and quite informative. But what do you think about the web wallet? I dont know the security levels there but I wouldnt use it. Imagine, as an hacker, what would you try to hack first...a single person or a web server with hundreds or thousands of wallets stored....
Better keep it local....thats my opinion.
CoNnorSensei (OP)
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March 08, 2018, 12:00:20 PM
 #8

First of all, to answer your question, you have to ask yourself how much you want to invest/how much you have. If you think your holdings are much valuable consider buying an hardware wallet (the physic one as you said) like the Ledger Nano S (https://www.ledgerwallet.com/products/ledger-nano-s?gclid=Cj0KCQiAuP7UBRDiARIsAFpxiRIvz4rN4dqOmEaS0q6HtydM2KLLwtrzzQ_vQQ-QuVnxk3h8-C8KiTgaApePEALw_wcB) that cost roughly 95€ on the official site. The pros of having an hardware wallet is that hackers can't access it, since it's not directly connected to the internet, but in case of extreme bad luck you could always risk connecting it to a PC infected by malwares, since these can activate applications/processes without your acknowledgment. So this is the safest choice, but the price is also considerable.
The other option is to use software wallet (they need installation on your PC) like I do since I don't own too much, the first I used is "Exodus", very complete/simple to use. But lacks of variety of crypto you can store.
Other options are mobile wallets like Eidoo (that I use) or Jaxx. They can store even ERC-20 tokens, it's something Exodus can't do.
The fourth and last possibility is to use a web wallet, like Dogechain (to store DOGE) or Raiwallet to store Raiblocks, but since they have rebranded to NANO the site is changed, it's https://nanowallet.io . These sites allow you to avoid installing anything, since you will use an online free service. But be conscious that you MUST prefer sites that allow you to hold your private keys, so that only you have access to your wallet (in case you lose the password or the site gets hacked). Exodus and the other software/mobile wallets will allow you to take possession of your private keys, with a alphanumeric code or with a mnemonic phrase.

Hope the answer it's clear. I'm here to learn too, so if anyone wants to correct something please feel free to do so.




Thanks my friend, your answer is really clear. I informed myself about hardware wallet and i saw, exept Ledger Nano S, also Trezor. Which is the best and most secure? Again, thank you
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March 08, 2018, 12:02:34 PM
 #9

In my option, the best Bitcoin wallet is the paper wallet, which stores your private key. I have not seen a better wallet yet Smiley
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March 08, 2018, 12:20:16 PM
 #10

First of all, to answer your question, you have to ask yourself how much you want to invest/how much you have. If you think your holdings are much valuable consider buying an hardware wallet (the physic one as you said) like the Ledger Nano S (https://www.ledgerwallet.com/products/ledger-nano-s?gclid=Cj0KCQiAuP7UBRDiARIsAFpxiRIvz4rN4dqOmEaS0q6HtydM2KLLwtrzzQ_vQQ-QuVnxk3h8-C8KiTgaApePEALw_wcB) that cost roughly 95€ on the official site. The pros of having an hardware wallet is that hackers can't access it, since it's not directly connected to the internet, but in case of extreme bad luck you could always risk connecting it to a PC infected by malwares, since these can activate applications/processes without your acknowledgment. So this is the safest choice, but the price is also considerable.
The other option is to use software wallet (they need installation on your PC) like I do since I don't own too much, the first I used is "Exodus", very complete/simple to use. But lacks of variety of crypto you can store.
Other options are mobile wallets like Eidoo (that I use) or Jaxx. They can store even ERC-20 tokens, it's something Exodus can't do.
The fourth and last possibility is to use a web wallet, like Dogechain (to store DOGE) or Raiwallet to store Raiblocks, but since they have rebranded to NANO the site is changed, it's https://nanowallet.io . These sites allow you to avoid installing anything, since you will use an online free service. But be conscious that you MUST prefer sites that allow you to hold your private keys, so that only you have access to your wallet (in case you lose the password or the site gets hacked). Exodus and the other software/mobile wallets will allow you to take possession of your private keys, with a alphanumeric code or with a mnemonic phrase.

Hope the answer it's clear. I'm here to learn too, so if anyone wants to correct something please feel free to do so.


Good reply and quite informative. But what do you think about the web wallet? I dont know the security levels there but I wouldnt use it. Imagine, as an hacker, what would you try to hack first...a single person or a web server with hundreds or thousands of wallets stored....
Better keep it local....thats my opinion.

You're right. Web wallets are obviously easier to hack BUT since you own your private key the account is always encrypted! This means when they hack and see the list of accounts they need your password or the seed to enter your funds. So always choose web wallets that let you own the private keys. Hope this helps.
By the way for the second question of OP:
First of all, to answer your question, you have to ask yourself how much you want to invest/how much you have. If you think your holdings are much valuable consider buying an hardware wallet (the physic one as you said) like the Ledger Nano S (https://www.ledgerwallet.com/products/ledger-nano-s?gclid=Cj0KCQiAuP7UBRDiARIsAFpxiRIvz4rN4dqOmEaS0q6HtydM2KLLwtrzzQ_vQQ-QuVnxk3h8-C8KiTgaApePEALw_wcB) that cost roughly 95€ on the official site. The pros of having an hardware wallet is that hackers can't access it, since it's not directly connected to the internet, but in case of extreme bad luck you could always risk connecting it to a PC infected by malwares, since these can activate applications/processes without your acknowledgment. So this is the safest choice, but the price is also considerable.
The other option is to use software wallet (they need installation on your PC) like I do since I don't own too much, the first I used is "Exodus", very complete/simple to use. But lacks of variety of crypto you can store.
Other options are mobile wallets like Eidoo (that I use) or Jaxx. They can store even ERC-20 tokens, it's something Exodus can't do.
The fourth and last possibility is to use a web wallet, like Dogechain (to store DOGE) or Raiwallet to store Raiblocks, but since they have rebranded to NANO the site is changed, it's https://nanowallet.io . These sites allow you to avoid installing anything, since you will use an online free service. But be conscious that you MUST prefer sites that allow you to hold your private keys, so that only you have access to your wallet (in case you lose the password or the site gets hacked). Exodus and the other software/mobile wallets will allow you to take possession of your private keys, with a alphanumeric code or with a mnemonic phrase.

Hope the answer it's clear. I'm here to learn too, so if anyone wants to correct something please feel free to do so.




Thanks my friend, your answer is really clear. I informed myself about hardware wallet and i saw, exept Ledger Nano S, also Trezor. Which is the best and most secure? Again, thank you

I'm sorry but since I don't own an hardware wallet I've not reaserched a lot into it. Hope you will share the information you find so that I can learn too Cheesy

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March 08, 2018, 02:27:33 PM
 #11

First of all, you should know that their are different types of wallets for different types of coins. If you have more bitcoin the most secured is hardware wallets, even you lost the wallet you can recover them back. As you know online wallet can be hacked & security wise it has a small disadvantage.

For ERC 20 Tokens MYETHERWALLET is most commonly used & best option for you as you can have the private key with you.

Apart from that Mobile wallets are easier to use like EIDOO, For NEO based tokens (Neotracker, NEON), WAVES wallet is available for Waves Token. A wide range of wallets for a wide range of tokens.

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March 08, 2018, 02:41:52 PM
 #12

MyEtherWallet is the best.
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March 08, 2018, 03:21:23 PM
 #13

Hello everybody, What wallet is the best? Physic or online? And what is the most secure?? Thanks to everyone!!

For Bitcoins, keep your coins in Electrum as I think it is one of the most secure desktop wallets (don't try to keep your coins in online wallets as they have a chance to get hacked any time). If you have a lot of amount invested in Bitcoins or even alts, try Ledger Nano S or Trezor (however, these can help only if you want them to be kept safe in a hardware if you don't trust any online wallets or even desktop ones).
Buy Ledger Nano S here - https://www.ledgerwallet.com/products/ledger-nano-s
Buy Trezor here - https://trezor.io/

You can also generate paper wallets online, print them offline and keep your coins safe in it.

If you want to store your tokens (as if you get some ERC20 tokens through any bounties or airdrops), MyEtherWallet is the best option.
Here's the website - https://www.myetherwallet.com/

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March 08, 2018, 04:07:58 PM
 #14

The physic wallet you are referring to is known as hardware wallet. And hardware wallets are the most secure of them all. I can recommend Trezor and Ledger when it comes to hardware wallets. They both are trusted wallets and have been here for a few years now.

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March 08, 2018, 04:56:50 PM
 #15

The physic wallet you are referring to is known as hardware wallet. And hardware wallets are the most secure of them all. I can recommend Trezor and Ledger when it comes to hardware wallets. They both are trusted wallets and have been here for a few years now.

Even I would recommend Trezor when it comes to hardware wallet and can be trusted as well. When it comes to online wallets to trade or store a smaller quantity of coins than bittrex is one of them which can be used or blockchain just for storing btc.
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March 08, 2018, 05:07:58 PM
 #16

There are many varieties  of crypto wallets that can be used to store cryptocurrencies. People use hardware wallets,paper wallets, private wallets, third party wallets etc.... The best one among them can be hardware wallet as it provides a physical hardware (similar to pendrive) which consists of a wallet that can store many cryptocurrencies. Some of the hardware wallets are Ledger Nano S and Trezor which are the best ones in the market. You can buy it online too but be careful about the site you buy it from as these days many sellers are scamming users buy delaying the delivery dates.

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March 09, 2018, 02:11:19 AM
 #17

With an emphasis on the security, here is the list:

No. 1: Paper wallet.

No. 2: Hardware wallets.  (Ledger, Trezor,  KeepKey)

No. 3: Bitcoin Core wallet.

No. 4: Software wallet.  (Electrum)

No. 5: Online wallet.  (Blockchain.info)

No. 6: Online exchange.  (Coinbase)


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March 09, 2018, 05:38:00 AM
 #18

Dompet desktop termasuk dalam dompet hot atau dompet dingin,  dompet desktop termasuk bisa digunakan secara offline dan dompet desktop bisa digunakan dengan trhbungn dengan internet.

Sedangkan hardware wallet dompet bitcoin dengan bentuk perangkat keras yang difungsikan sama seprti dompet bitcoin umumnya. Berikut ini adalah beberapa macam perangkat keras dompet bitcoin: trezor hardware wallet, Ledger usb wallet dan Keepkey.Saya rekomendasikan dompet desktop, tapi sebaiknya gunakan dompet yang sesuai dengan kebutuhan.
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March 09, 2018, 06:16:46 AM
 #19

Im using Metamask and MEW for now, im planning to buy Ledger as well but its to expensive for me right now.
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March 09, 2018, 07:38:52 AM
 #20

I believe that since Bitcoin/crypto is all about decentralization and transferring the values to the users, holding it in offline wallets is the bets practice. It doesn't make any sense to hold funds online as it is none other than supporting centralization. You can either go with cheaper option of paper wallet or buy reputed hardware wallets like Trezor or nano.

This article might help you to understand : 12 Ways To Store Bitcoins Review - Hardware, Desktop, Mobile, Online & Paper Wallets?
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